• 21 Jun 2021
  • First Publish (not set)
  • Turkey
  • 2849
Most Common Faults of Investors in Turkey

Although the Turkish government has provided many facilities and advantages to foreign investors in Turkey in order to attract them, unfortunately many investors make mistakes that lead them to lose their money.
• The first mistake is not studying the project or investing well: many investors fall into this mistake and start a project without studying its feasibility well, and the result is unfortunately failure, so it is advised to go to consulting companies specialized in foreign projects in Turkey.
• Not investing in the investor's own competence: some investors like to diversify their investments and come to open a project other than their specialization in Turkey, expecting the success of the project, whatever it is here. It is advised not to rush and study the project and the target group well before starting, or at least that the investor turns to the owners of the specialization to benefit from Their experience and knowledge of the Turkish market.
• Not targeting the appropriate category: We return to the first item. The project must be studied well, targeting the appropriate category of the project, as the project can fail with errors related to targeting the appropriate category for it. Many Arab investors target Arab residents only in Turkey, while Arab residents are a minority and are concentrated in certain areas, so it is better that the project be directed to Turkish citizens and residents at the same time.
• Blind imitation: Most investors come to Turkey to invest their money in a project that has been decided in advance according to the words of other people or the experiences of other investors. It should be noted here that the investor should always think outside the box, meaning that the investor should study the market well with its needs and surpluses in order to know where he should invest, here it should be noted that there is a surplus of many projects in the same field that have been established in the areas where the Arabs are concentrated in Turkey and led to its failure.


Tags



Comments

    • Now
Related Articles
Latest Properties
Next Article